SEJONG, South Korea’s finance ministry said Tuesday it plans to expand the scope of research and development (RandD) projects eligible for tax credits this year in line with efforts to secure new growth engines.
Under the plan, South Korea will offe…
SEOUL, South Korean stocks opened higher Tuesday as U.S. shares reached an all-time high overnight on growing optimism over the U.S. economy.
The benchmark Korea Composite Stock Price Index rose 9.84 points, or 0.4 percent, to 2,474.19 in the first …
SEOUL, The number of labor union members in South Korea and the unionization rate, or the percentage of workers represented by a union, have both taken a downward turn, the labor ministry said Tuesday.
According to the ministry’s latest data, the nu…
SEOUL, A fire broke out at a large marine products market in the central county of Seocheon and burned down 227 shops, but there were no human casualties, officials said Tuesday.
The blaze erupted at 11:08 p.m. on Monday and firefighters put the maj…
SEOUL, North Korean leader Kim Jong-un’s recent hostile rhetoric toward Seoul will not affect South Korea’s decadeslong blueprint for unification, an official said Tuesday.
Kim has been lambasting South Korea with sharp-worded rhetoric, defining int…
SEJONG, Finance Minister Choi Sang-mok on Tuesday called for the National Assembly to pass a revised bill giving an additional two-year grace period for small businesses.
The remark came as the Serious Accidents Punishment Act enacted in 2022, which…
SEOUL, Actor Yoo Ah-in has developed a dependency on sleeping anesthetics, such as propofol, due to depression, but such medication was prescribed as part of medical procedures, his lawyer said during a court hearing Tuesday.
Yoo, whose legal name i…
SEJONG, South Korea’s agricultural ministry said Tuesday it plans to double the size of the country’s rice processing industry by 2028 to 17 trillion won (US$12.6 billion).
Under the goal, the country will also expand exports of related products to …
SEOUL, Banks in South Korea are expected to ease their stance on extending loans in the first quarter of the year due to demand for home-backed loan refinancing programs, a central bank survey showed Tuesday.
According to the poll of financial insti…
SEOUL, POSCO International Corp., the general trading and energy arm of South Korean steel giant POSCO Holdings Co., said Tuesday its net profit rose 12.5 percent on-year in 2023.
Net profit came to 680.4 billion won (US$509.6 million) on a consolid…